ZEGA Buy and Hedge ETF (NYSEARCA:ZHDG) Shares Up 1.1% – Time to Buy?

Shares of ZEGA Buy and Hedge ETF (NYSEARCA:ZHDGGet Free Report) shot up 1.1% on Wednesday . The company traded as high as $22.49 and last traded at $22.49. 6,086 shares traded hands during trading, a decline of 47% from the average session volume of 11,591 shares. The stock had previously closed at $22.25.

ZEGA Buy and Hedge ETF Trading Up 1.1%

The stock has a market capitalization of $33.29 million, a price-to-earnings ratio of 26.42 and a beta of 0.76. The company’s 50 day moving average is $22.83 and its 200 day moving average is $22.48.

ZEGA Buy and Hedge ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.5805 per share. The ex-dividend date was Wednesday, December 24th. This represents a yield of 256.0%.

ZEGA Buy and Hedge ETF Company Profile

(Get Free Report)

The ZEGA Buy and Hedge ETF (ZHDG) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed options strategy that provides S&P 500 equity exposure while attempting to mitigate downside risk. The fund uses options and a broad range of fixed income securities to pursue its investment objective. ZHDG was launched on Jul 6, 2021 and is managed by ZEGA.

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